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Sep 26, 2012 7:00am EDT
that is needed, in addition to contributions stability, financial safety nets, is our governance. and our governance clearly has evolved over time, and i've tried to keep up with the changing world. we have had reforms ever since 2006, and there is already been shifted towards emerging market economies, for instance, but there were a set of reforms that were decided in 2010, and to be accomplished by 2012. and we have made very significant progress towards delivering on that promise that was made by the membership. the first reform is the quarter reform. increasing significantly the quotas. for that we need to have a 70% vote. we are in excess of 70%. we have reached 73% and we are moving on. so on that front, quarter increase come we are there. but that reform can only be triggered if the conference reform is also voted. and there we have two triggers. one is i need to have 113 members signing on and saying yes, we want that reform. we are very close. i'm short a few countries. not many, and i hope that by tokyo we are there. and the second threshold is an 85% majority. that's a very hig
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